EOG Resources (EOG) Surpasses Q3 Earnings Estimates

Core Viewpoint - EOG Resources reported quarterly earnings of $2.71 per share, exceeding the Zacks Consensus Estimate of $2.43 per share, but down from $2.89 per share a year ago, indicating a mixed performance in earnings despite a positive surprise [1][2]. Financial Performance - The company achieved revenues of $5.85 billion for the quarter ended September 2025, which was 1.7% below the Zacks Consensus Estimate and a decrease from $5.97 billion in the same quarter last year [2]. - Over the last four quarters, EOG Resources has surpassed consensus EPS estimates four times, but has only topped revenue estimates once [2]. Stock Performance - EOG Resources shares have declined approximately 14.2% year-to-date, contrasting with the S&P 500's gain of 15.6%, indicating underperformance relative to the broader market [3]. - The stock currently holds a Zacks Rank of 3 (Hold), suggesting it is expected to perform in line with the market in the near future [6]. Earnings Outlook - The current consensus EPS estimate for the upcoming quarter is $2.28, with projected revenues of $6.02 billion, while the estimate for the current fiscal year is $9.93 on revenues of $22.98 billion [7]. - The trend of earnings estimate revisions for EOG Resources has been mixed ahead of the earnings release, which may influence future stock performance [6]. Industry Context - The Oil and Gas - Exploration and Production - United States industry is currently ranked in the bottom 21% of over 250 Zacks industries, suggesting a challenging environment for companies within this sector [8].